Debt Buying News RSS Feed

A debt buyer is a firm that purchases debt from another company, usually a creditor or bank, at a deeply discounted rate. The debt purchaser then attempts to collect the debt through its own operations or through the use of a third-party debt collection agency. Some debt buyers may sell all or part of the debt to another party at a profit. Most debt buyers are small and privately held, though there is a handful of publicly traded debt buying companies. Recent changes in law and legal rulings have seen the debt buying industry regulated like collection agencies, or servicers of debt, rather than creditors, or owners of the debt. Debt buyers must adhere to the FDCPA.

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Intrum Justitia Changes Accounting Standard and Publishes Restated Historical Figures According to IFRS 8

25 March 2009

NYC to Require Debt Buyers to Register as Collection Agencies

17 March 2009

ACA Accepting IFCCE & MCE Award Applications

10 March 2009

In Your Words: The ARM Industry on the Current State of Affairs

10 March 2009

Lindorff Acquires Aktiv Kapital Collections Operations in Spain

5 March 2009

FDCPA Reform Should be More Balanced

4 March 2009

Getting Current on Pricing in the U.S. Credit Card Debt Purchasing Market

3 March 2009

Asta Funding, Inc. Announces First Quarter Results

2 March 2009

FTC Proposes Significant Changes to FDCPA in Workshop Report

27 February 2009

Mortgage "Cramdown" Rules Could have Major Impact on Debt Buyers

25 February 2009

Convoke Systems CEO to Discuss Debt Buying Media at ACA International Conference

23 February 2009

Asta Funding Reports 2008 Results; Announces Collection Call Center Closing

23 February 2009

Asset Acceptance Posts Lower Earnings, But Beats Estimates

20 February 2009

ARM Owners Curious about Capital Gains Tax

20 February 2009

Asta Funding Reaches Agreements With Its Lenders and Announces Cost Reduction Program

19 February 2009

Field of Medical Debt Buyers Narrows Further with Capio Partners Acquisition

19 February 2009

Executive Changes: Cabot Financial Announces Three Key Management Appointments

19 February 2009

Portfolio Recovery Earns $45 million in 2008 on Big Rise in Fee Revenue

17 February 2009

Asset Acceptance to Host Fourth Quarter and 2008 Year-End Conference Call February 19

13 February 2009

Layoffs in the ARM Industry

13 February 2009

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